True
Mango Boost, a Korean startup known for its data processing unit (DPU) technology, has entered the AI infrastructure rental business and is aiming for 100 billion won in revenue next year, according to the original report.
Mango Boost has built its business around DPU products, including the 'Mango BoostX' DPU. The company has now expanded into renting out AI infrastructure, a move that places it in direct competition in the fast-growing market for AI computing capacity.
The shift to infrastructure rental reflects the surging demand for AI compute resources as companies across industries build out large language model (LLM) and AI services capabilities.
The company is targeting 100 billion won in revenue for the next year, driven by the new AI infrastructure rental business alongside its existing DPU operations. Specific breakdowns of the revenue target by business line were not provided in the report.
The claim, as judged from the reporting, is True.